China's Big Deal
Scheduled to open this summer, Parkview Green FangCaoDi is China's first Leadership
in Energy and Environmental Design platinum-certified urban mixed-use building. Located
in Beijing, the four-building structure is enclosed by an environmental shield, which
creates a microclimate, conserves energy, and protects against weather extremes. It
contains 80,000 square meters of class A office space, a 100-room boutique hotel, and
50,000 sm of luxury retail.
Markets to Watch
Germany saw a total commercial real estate investment volume of
€11 billion in the first half of 2011, a 24 percent increase over 1H2010,
according to Colliers International, which predicts a year-end total of more than
€20 billion. Investors favored German retail properties, spending €5.9
billion on retail compared with €2.9 billion invested in office properties.
Frankfort and Hamburg accounted for the largest gains among Germany's major
The lack of supply in London's retail market is expected to
continue through 2013, according to Knight Frank. Only about 250,000 square meters of
new shopping center space will come online this year and even less is expected for 2012
and 2013. The limited supply is pushing up rents in the best locations but banks still
consider retail a risky bet, limiting financing for new development.
"New office completions in major European markets will experience a sharp
contraction in the next two years and will remain subdued throughout 2013."
—CB Richard Ellis